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Fidelity Advisor Energy M (FAGNX) - free report >>
BlackRock 80/20 Target Allocation I (BIAPX) - free report >>
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Fidelity Advisor Energy M (FAGNX) - free report >>
BlackRock 80/20 Target Allocation I (BIAPX) - free report >>
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3 Top-Ranked Mutual Funds for Your Retirement
It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.
How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using the Zacks Mutual Fund Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.
Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
If you are looking to diversify your portfolio, consider BlackRock 80/20 Target Allocation I (BIAPX - Free Report) . BIAPX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset. This fund is a winner, boasting an expense ratio of 0.1%, management fee of 0%, and a five-year annualized return track record of 10.94%.
Fidelity Advisor Energy Fund M (FAGNX - Free Report) is a stand out amongst its peers. FAGNX is classified as a Sector - Energy mutual fund. Throughout the massive global energy sector, these funds hold a wide range of quickly changing and vitally important industries. With five-year annualized performance of 15.44%, expense ratio of 1.26% and management fee of 0.53%, this diversified fund is an attractive buy with a strong history of performance.
Northern Income Equity (NOIEX - Free Report) : 0.49% expense ratio and 0.46% management fee. NOIEX is a Large Cap Value fund. These funds invest in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 13.85% over the last five years.
We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.